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Episode 530: Savneet Singh, CEO, PAR

Restaurant Owners Uncorked

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Understanding Board Dynamics and Motivations

Board members may be influenced by the founder's emotional attachment and ownership stake, personal relationships within the company, the allure of the board position, overconfidence in their ability to solve problems, and optimistic outlook on the company. While motives might include a desire to maintain the company as 'their baby,' enjoying the benefits of a board role, or a belief in the company's potential, there can be a disconnect between board members' perceptions and the reality of the situation, as seen in the anecdote where none of the management team chose their current job as their best experience.

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